BHP Group Limited (NYSE:BHP) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its position in shares of BHP Group Limited (NYSE:BHP) by 392.1% during the fourth quarter, Holdings Channel reports. The firm owned 18,424 shares of the mining company’s stock after acquiring an additional 14,680 shares during the quarter. Fox Run Management L.L.C.’s holdings in BHP Group were worth $900,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kovack Advisors Inc. boosted its holdings in BHP Group by 5.2% during the 4th quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company’s stock valued at $213,000 after acquiring an additional 215 shares during the period. Essex Savings Bank boosted its stake in shares of BHP Group by 3.0% in the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after purchasing an additional 219 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after purchasing an additional 263 shares in the last quarter. Passumpsic Savings Bank increased its stake in BHP Group by 7.1% during the 4th quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company’s stock worth $238,000 after buying an additional 325 shares during the period. Finally, Gleason Group Inc. lifted its holdings in BHP Group by 2.4% during the 4th quarter. Gleason Group Inc. now owns 14,155 shares of the mining company’s stock worth $691,000 after buying an additional 333 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BHP has been the topic of a number of recent research reports. Jefferies Financial Group cut their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $53.00.

BHP Group Stock Performance

Shares of BHP stock opened at $49.23 on Friday. The company has a market cap of $124.82 billion, a P/E ratio of 11.19 and a beta of 0.90. The firm has a fifty day moving average price of $50.03 and a 200 day moving average price of $52.54. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s dividend payout ratio is currently 44.77%.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.